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At the end of 2019, the world was shaken by the news of a novel threat in the name of “Coronavirus”, abbreviated as Covid-19. Epicentered at China, the disease began spreading rapidly throughout the world and the number of infected people increasing exponentially day by day, the World Health Organization (WHO) declared it as a…
Lean Six Sigma Tools Lean Six Sigma is the combination of both Lean and Six Sigma methodology which emphasises on two essential components of business processes. It is a process to streamline, improve and optimize every aspect of an organization by eliminating waste and reducing variations. The 5S Systems The 5S System is a…
Six Sigma Skills and Employability Globalization opens the doors of opportunity for a nation to increase its development in political, social and economic sectors. It stimulates the growth of economy by providing more job opportunities, thus increasing the employment rate. Despite the increasing number of job vacancies, globalization also brings about competition among individuals who…
Lean Six Sigma methodology & Industry 4.0 Industry 4.0 stands for the fourth industrial revolution which is defined as a new revolution in the aspect of organizational practices that are geared towards increasing customers’ satisfaction and fulfilling their requirements through the use of data and cyber-physical system The Transition from Industry 3.0 to Industry 4.0…
Bank of America Bank of America is a prominent American multinational investment bank and financial services company. Operating in 40 countries across the globe, with trading asset of around 11% in the first quarter of 2018. In 2011, the organization was determined to adopt Lean Six Sigma improvement program as an effort to improve…
Lean Six Sigma (LSS) – How something purely built around measurements can make and break the job market? Department of Statistics Malaysia confirms an unemployment rate of 3.4% in the month of June 2018. According to Malaysian Industrial Development Finance (MIDF) our current statistics are not alarming but this is definitely not something…
The nature of any aspect in today’s world is rapidly evolving or ever-changing, which applies likewise when it comes to the economy. The economy, especially in this modern and globalized era requires swift response at…